Spencer Gray and Griffin Haddad break down the latest signals pointing to a potential multifamily recovery — and the data that hasn’t quite caught up yet. From UDR’s bullish guidance shift to rent growth trends, transaction volume, Fed Chair Kevin Warsh’s new approach to monetary policy, and the ongoing yen carry trade unwind, this episode covers the macro forces shaping multifamily investing right now.

📈 UDR raises guidance, exits preferred equity, and buys back $200M in stock — is this the clearest bottom signal yet?
🏙️ Regional rent growth breakdown: Midwest leads, San Francisco surges, Sunbelt markets continue to soften
🏗️ New construction deliveries fall to ~650K units — still healthy, but is it enough to move the needle?
💰 $113B in CRE traded last quarter — but multifamily volume stayed flat while garden-style apartment sales dropped 21%
🏦 Fed Chair Kevin Warsh’s shift away from forward guidance, and what it means for rate policy
💴 The yen carry trade unwind and why Japan is selling US Treasuries
⚖️ An update on the Grant Cardone class action lawsuit and what it reveals about investor fit and fee transparency

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